18 Guam Code Ann. § 5104
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Terms Used In 18 Guam Code Ann. § 5104
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The application for dissolution must be in writing and shall set forth all claims and demands against the corporation, and that, at a meeting of the members or stockholders of the corporation called for that purpose, the dissolution of the corporation was resolved upon by a majority of the members or, if a stock corporation, by the affirmative vote of the stockhold- ers holding or representing two-thirds (2/3) of all shares of stock issued or subscribed.
SOURCE: CC § 402.